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Wednesday, June 29, 2016 8:07:59 AM
ITEM 8.01 OTHER EVENTS -HDS International Corp. has executed agreements with all of the Series B investors, including its control shareholder CMG Holdings Group, Inc. and CEO Vikram Grover, that were part of the Good Gaming funding and asset purchase, to lock-up their investments for a period of one-year from the date of this filing. Additionally, the Company has negotiated a lock-up agreement for $100,000 of convertible debentures held by Iconic Holdings, LLC for a period of one-year from the date of this filing and has agreements in place to purchase certain debentures held by HGT Capital and SirenGPS at face value so that they may be restructured in the best interests of common shareholders. Management believes these lock-up agreements show the long-term commitment of these investors to the Company as it enters a new chapter in its evolution into the world's premiere online destination, social network and tournament platform for amateur eSports enthusiasts.
After a couple more tourneys, tweaks and a ticker change darkness becomes light. Go $HDSI
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